Underwriting

Several categories remain highly fragmented from adjusting and claims support to expert support.

Introducing portability into deals locks a company’s old borrowing in place and avoids the situation where a sale triggers change-of-control provisions that require a buyer to refinance or pay off debt.

The majority of the nearly 30 SPACs to price or file for new offerings since May feature dealmakers that completed blank-check tie-ups in the past.